Select Page

MAAL Announces Earnings & New Partnership

Marseilia Egyptian Gulf Real Estate Investment (MAAL) reported a net profit of EGP 26.2 million in 2021, up 36.1% YoY.

The company’s revenues increased during the year, recording EGP 534.9 million, compared to EGP 413.3 million in 2020.

The company announced a partnership contract to develop an area of ​​205 acres on the northwest coast, at a value of EGP 6.5 billion.